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a fear of possible economic collapse is a recurring theme. speaker of the house john boehner seem interested in a compromise with democrats that could keep the country from plunging off the so-called fiscal cliff. while florida is still official officially too close to call even without its 29 collect 29 electoral college votes mr. obama won with a hefty 303 electoral votes but a mere 53% of the popular votes begging the question, was it a mandate or a draw. the president promised to reach out to leaders of both parties. speaker boehner appeared to be ready to take him up on his offer with hundreds of billions in tax hikes that could tank the economy, boehner staked out this position on behalf of his caucus. >> for the purposes of bipartisan agreement that begins to solve the problem we're willing to accept new revenue under the right conditions. what matters is where the increase revenue comes from and what type of reform comes with it. >> eliot: a few hours earlier harry reid also called for compromise. >> it's better to dance than to fight. it's better to work together. everyth
coming off a smashing re-election victory or speaker of the house john boehner and his tea party cohort determined to hold the line against higher tax rates on the well-to-right now both sides seem to be digging in. president obama used a campaign-style white house appearance today to declare that while he's willing to compromise with the republicans his bisque position has not changed. >> obama: as i said before, we can't just cut our way to prosperity. if we're serious about reducing the deficit we have to combine spending cuts with revenue that means asking the wealthiest americans to pay a little more in taxes. on tuesday night we found out that the majority of americans agree with my approach. and that includes democrats independents, and a lot of republicans. >> eliot: mr. obama also said that he planned to meet with speaker of the house john boehner and other congressional leaders at the white house next year along with business and labor leaders. the president made it clear that even while talks were under way he wanted the house to move quickly to pass a middle class tax freeze
a conversion of interest or views between the president and john boehner. i'm not sure that i see it yet. the president said you have to go to the clinton area, 36% top marginal rate. and you said a few loopholes that's fine but not the real battle we should be undertaking. am i correct? >> now boehner we're back to where we were before the election in some respects. there is a significant core of the republican party that simply will not raise taxes under any sixths. they will not raise rates. they still feel that they are pledged to grover norquist, maybe not to the american people. not to the constitution, but to grover norquist. therefore they're not going to go along--even if boehner wants them to go along. both sides the president and democrats on one side, boehner and the republicans are basically maneuvering for bargaining position for what is going to be a long-term negotiation. >> eliot: they're just shadow boxing, i think that's exactly right. i wonder and i'm trying to assess--i have no knowledge of what goes on inside the republican party but i'm trying to discern if boehner
on the wealthy and that's not something that the republicans want to see. john boehner is signaling what he wants is to get an agreement that all the spending and all of the bush tax cuts will simply continue on after january 1st. >> eliot: i hate to sound like a broken record, but i completely agree with you. the president gains strength by waiting. i've written this. you've written this. the bush tax cuts expire of their own accord and the president is sitting there with a tax increase on the middle class but then he turns to the republicans and says lower tax taxes, and how can they vote against that. there were twin scourges that were predictedded by the deficit hawks. one, we would have rampant inflation if we had continued deficit spending, and the other that interest rates would necessarily skyrocket. neither has happened. >> quite the opposite. the yield on a ten-year treasury is below 2%. the dollar is basically a safe harbor for global sabers the united states and elsewhere because a lot of other places around the world are much more uncertain than the united states. so it is possible f
. [ doctor ] enbrel, the number one biologic medicine prescribed by rheumatologists. >> eliot: john boehner may refuse to raise taxes on the rich, but others sound a bit more reasonable, including of all people the ceo of goldman sachs. that's head. but i'm i'm let's join jennifer granholm for an up in-depth report on schools meals and more about benghazi and the petraeus scandal. that's at 10:00 p.m. in "the war room." but for now more "viewpoint" is coming up. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. (vo) she's joy behar. >>current will let me say anything. ñ
to solve the hunger problem right here in new york city. the >> eliot: john boehner may refuse to raise taxes on the rich, but others sound a bit more reasonable, including of all people the ceo of goldman sachs. that's head. but i'm i'm let's join jennifer granholm for an up in-depth report on schools meals and more about benghazi and the petraeus scandal. that's >> eliot: goal man sax ceo lloyd blankfein has an important op-ed in today's wall street journal. perhaps making up for the fact that no traditional wall street banking ceos were invited to the ceo con fab at the white house today. he wanted to get his views on some important fiscal issues on the record. he does articulate a framework that permits a serious go goesation leaving a resume of over 1 trillion-dollar of cash sitting on the balance sheets of u.s. companies. eliminateing uncertainty would be fine the much more important issue is a lack of demand for the products that the capital expenditures would produce. we have a demand crisis and not an uncertainty crisis. that point needs to be reiterated often. blankfein says i
john boehner's attitude toward any tax hike at all. take a listen. >> raising tax rates is unacceptable and frankly it couldn't even pass the house. i'm not sure it could pass the senate. so the votes aren't there. what i did yesterday was lay out a reasonable, responsible way forward to avoid the fiscal cliff and that's through putting increased revenues on the table but through reforming our tax code. >> eliot: for more on the perils of the fiscal cliff and the choices before us, i'm joined by robert reich professor at u.c. berkeley's goldman school of public policy and author of "beyond outrage what has gone wrong with our economy and democracy and how to fix it." professor, thank you for joining us. >> good evening. >> eliot: seems to me the choice is one of jobs versus short-term deficits. which is the right choice and explain to us why this is such a critical juncture. >> well, jobs has to be the choice we make right now. it is a very critical juncture because if we fall for the idea that the defici
Search Results 0 to 8 of about 9 (some duplicates have been removed)

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